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Industry: Email Alert RSS FeedGeo averts bankruptcy.(Geo Specialty Chemicals Inc.)(Brief Article)
Chemical Market Reporter, September, 2003
Geo Specialty Chemicals Inc. has narrowly averted potential bankruptcy by obtaining an amendment to its senior credit agreement. This allows continued access by Geo to credit and enables it to make a payment on its bonds. The company missed a bond payment on August 1 and had 30 days to make the payment before officially defaulting on the loan.
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